First Mining Gold (TSX: FF) shareholders at the close of trading today will receive distribution of 23,333,333 Treasury Metal (TSX: TML) shares and 11,666,666 TML warrants on a pro rata basis tomorrow. FF closed yesterday at $0.485 per share where it has already gained by 27.63% since NIA announced FF as its latest stock suggestion on June 21st at $0.38 per share. Since NIA's suggestion of FF, it has been the #1 hottest gold stock in the entire market.
Regardless of what the price of gold does in the upcoming weeks, we expect GoldMoney (TSX: XAU) to become the market's #1 hottest play on the TSX. Although we expect gold to continue rallying, even if gold were to dip... XAU is likely to gain big regardless because its Mene Inc (TSXV: MENE) business experiences surges in sales on any dips in gold/platinum prices. MENE is the only e-commerce company in the world whose prices of all jewelry items update in real-time based on the current price of gold/platinum! MENE has a customer retention rate that is second to none in the jewelry e-commerce market, which allowed the company to become profitable for the very first time last quarter... much earlier than anybody believed possible!
Normally when a start-up tech company is growing exponentially, it remains private until becoming a unicorn with a billion dollar plus valuation. MENE is a rare situation similar to Amazon (AMZN) where every stock market investor can capitalize early alongside institutional investors. The only way we see MENE not becoming a multi-billion dollar company in the years ahead is if one of the largest giants in e-commerce or jewelry like Amazon or LVMH decide to acquire MENE in the short-term.
Since May 4th, MENE shares have rallied by 51.85% making it one of the largest gaining stocks on the TSXV. XAU owns 93,692,949 shares of MENE and XAU plans to distribute these shares to XAU shareholders.
On December 1, 2017, XAU in its MENE spinoff strategy press release said that it, "intends to distribute at least 50% of the Class B tradeable shares of Menē Inc. to Goldmoney shareholders in separate tranches over time." XAU further explained that, "it is the intention of Goldmoney to eventually distribute one share of Menē for every one share of Goldmoney Inc. owned by investors as of Monday, December 25, 2017."
XAU in 2018 distributed 3.99 million Class B subordinate voting shares of MENE to XAU shareholders, but that represented only 0.05 share of MENE for every one share of XAU owned by investors at that time. It is our understanding that XAU wanted to wait for MENE to become profitable before distributing the remaining MENE shares to XAU shareholders.
MENE became profitable last quarter and last night XAU filed its Notice of the meeting and record date on SEDAR announcing that its shareholder meeting will take place on September 29th! The proxy hasn't been filed yet but will be very soon!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from FF of USD$50,000 cash for a six-month marketing contract. NIA's President has purchased 45,000 shares of XAU in the open market. He intends to sell these shares in the future for a profit and can sell them at any time without notice. This message is meant for informational and educational purposes only and does not provide investment advice.